GBP/USD Little Higher Ahead of Data

GBP/USD is trading at 1.2499, up 0.0027. The pair is trading rangebound as overseas forex traders wind down trading for the day. Market talk about global headline news and comments from European policy makers is making the rounds. Chatter about U.K. economic data due out Tuesday is starting to show up. The U.K. Office for National Statistics (ONS) is scheduled to release consumer price inflation figures (CPI) and producer prices (PPI) at 4:30 a.m. ET.